It sold instantly at the price you put it up for, which means you probably could have sold it for a little more.

Depending on your market, you can optionally list that property as "occupied, instant cash flow, investors only, please do not disturb the tenant."

Prostitution activity is always super obvious, and it is stated on a sheet they have to sign at the front desk that they are going to be instantly evicted the moment random strangers start entering their rooms, or if they cause good suspicious that they are partaking in illegal activities.Drugs and prostitution always go hand in hand together, so when you kick out a prostitute, you're kicking out the drugs.

The downside of all cash is that it makes it more difficult to accumulate wealth in a instant gratification kind of way that we are all used to.

Then you will know instantly when you see something new pop up that is a good deal and you can jump on it with confidence.

They only know what they were taught: sign a contract, sell it and make tens of thousands, repeat over and over for instant riches.

I know it sounds appealing to get a property cheap with some instant cashflow, but, just $15k-$20k more in Dayton can get you good B-C class neighborhood.

If you or the market hits a rough spot, and you are forced to sell at a loss (bring cash to the closing or short sale) or give the property back to the bank (foreclosure or DIL), you WERE "over leveraged" ... figuring that out before that happens is the trick :) And no, cash flow alone can't always prevent such an occurrence ... cash flow can dry up in an instant ... it can normally get restarted provided your initial projections were not that far off or too tight (which they are in the OP's case IMO), but how long and how much money it takes to get it flowing again is a tough thing to answer ahead of time.

When you apply for a card you can get instant approval if you meet the criteria.  

Hi John,There are two schools of thought; OM shows the potential if everything runs perfectly and the T12 (Trailing 12, aka Actual Financials) illustrates how the property has run when the current owner operates the deal.Offering Memorandums often assume instant rent increases and below-actual expenses.